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AGC: Construction Employment Rises, Job Levels Reach Near Record Levels

Construction Superintendent Magazine

Phoenix-Mesa-Scottsdale, Arizona added the most construction jobs (10,900 jobs or 8%) between January 2023 and January 2024, followed by Riverside-San Bernardino, California (7,900 jobs, 7%); Baton Rouge, Louisiana (6,700 jobs, 15%); Austin-Round Rock, Texas (5,900.

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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Phoenix, Ariz., leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. They averaged at 1,361 square feet, four bedrooms, in 2022—up 2.6%

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Migrating Americans Are Driving Up Home Prices in Popular Metros

Pro Builder

Remote workers and movers motivated by the pandemic are flocking to Sun Belt cities like Phoenix, where prices are peaking and inventory is declining. Sun Belt cities like Phoenix, Dallas, and Orlando attracted the majority of relocating Americans in 2021, and as a result, prices for homes and consumer goods are reaching new highs.

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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023. decline in home prices for 2023.

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Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential

Business Facilities

Atlanta , San Antonio and Phoenix are the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report. “It Read: Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential at BusinessFacilities.com.

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America’s fastest-growing cities: San Antonio, Phoenix lead population growth

BD+C

Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released by the U.S. Census Bureau.

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The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?

Pro Builder

from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. The nationwide median home sale price is just shy of $389,000, down 1.7%